At the talks in Brussels, the EU showed the great interest in the construction of the TRANS-Caspian gas pipeline

13:1423.10.2018

1130

The implementation of the TRANS-Caspian gas pipeline project was one of the important topics at the talks in Brussels held by the delegation of Turkmenistan with the Deputy Chairman of the European Commission on energy Union Marosh Shefcovich and representatives of the Directorate General for energy of the European Commission. Deputy Prime Minister Myratgeldi Meredov reported on the results of the talks at a video-conference call held by President Gurbanguly Berdimuhamedov last Monday.

During the talks, the sides discussed issues of cooperation between Turkmenistan and the EU in the energy sector, modernization of the legal framework of the partnership, implementation of the project of construction of the TRANS-Caspian gas pipeline. They also discussed the issues of further improvement of the principles of the Caspian development Corporation (CDC), the continuation of the negotiations of the working group on the implementation of this energy project, including economic, environmental and commercial issues.

According to the Deputy Prime Minister, the EU showed great interest in the construction of the TRANS-Caspian gas pipeline and the supply of Turkmen natural gas to the European market. The participants of the talks from the European Union expressed their readiness to promote investment in the implementation of this important energy project, which is designed to strengthen the energy security of the continent.

The adoption of the Convention on the legal status of the Caspian sea has created the necessary legal framework for the construction of a gas pipeline through the Caspian sea. Now, the implementation of this project requires only the consent of the parties involved in the project and environmental expertise that meets the strict requirements of international standards.

The project of the TRANS-Caspian gas pipeline provides for the supply of Turkmen energy to the European market in the amount of 30 billion cubic meters of natural gas annually for at least 30 years with its transfer to the Turkmen coast of the Caspian sea.

The Turkmen state has all the opportunities to implement large - scale energy projects-both in this direction and in other vectors. To this end, the necessary infrastructure has been created on the territory of our country, including the internal East-West gas pipeline, which provides for reverse gas transfers from Eastern Turkmenistan to Western regions and back.

Summing up the report, Gurbanguly Berdimuhamedov stressed that the energy strategy of Turkmenistan is aimed primarily at the effective implementation of the country's huge hydrocarbon potential and the strengthening of mutually beneficial international cooperation in the fuel and energy sector that meets national and global interests.

In this regard, the President instructed the Deputy Prime Minister to intensify efforts to expand international cooperation and bring Turkmen energy resources to the European market. Specific instructions were given to the Deputy Prime Minister on the implementation Of the program for the development of the oil and gas complex until 2030, increasing the volume of oil and gas production and resulting from their processing, the development of promising hydrocarbon fields and the introduction of innovative technologies.

The head of state also ordered to pay special attention to the construction of the TAPI gas pipeline and other international gas pipelines, to accelerate the production of crude oil and gas in the Turkmen sector of the Caspian sea.